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Recurring Deposit is a monthly investment instrument that helps you get a lump sum amount at the end of the tenure. You may be wondering how the recurring deposit is calculated. It’s simple and easy. Each bank provides an RD calculator on their website using which you can calculate the returns from the investment.

The Recurring Deposit consists of the following fields which need to be filled up to get the end result.

  • Amount to be deposited each month
  • Tenure
  • Interest rate [Fixed]
  • Options for senior citizens
  • Start Date

You can enter different amounts, tenure and get different results. The interest rate is mostly fixed by the bank. The interest rate may change depending on the policies of the bank.

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How Recurring Deposits Are Calculated - Customer Reviews

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